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Concordia at Lone Mountain West market report - 1st quarter, 2007

By
Real Estate Agent with Keller Williams Realty The Marketplace NV License # 56750

Home sales in Concordia at Lone Mountain West, a neighborhood in northwest Las Vegas, NV are even so far in 2007. Four homes closed in the first quarter, compared to 4 in the same period in 2006.

Existing resale inventory of 12 homes (plus 2 with accepted offers) means there is about a nine-month supply. In this competitive market, it is important that homes are priced correctly and in top showing condition to get them sold. Homes in Concordia at Lone Mountain West have convenient access to the I-215 Beltway and are close to the recreational opportunities of Red Rock and Mount Charleston.

Here are the details of the first quarter sales:

AddressSq Ft Bed/BathList PriceSale PriceDOMClosing Date
4247 Jordanville27153/3$474,900$470,0001902/28/07
10527 Brownsville22074/3$449,900$425,0007901/31/07
10650 Suffolk Hills20873/3$429,000$409,0001802/22/07
4440 Prospect Hill16303/2$329,900$310,3034703/05/07
 
(GLVAR deems information reliable but not guaranteed. Properties listed and sold by various MLS participants. Sale Price adjusted for any seller contributions. DOM = Days on Market)

Concordia at Lone Mountain West consists of one and two-story homes from 1,630 to over 2,700 square feet, built from 2002 to 2005. For more information, or to buy or sell a home in Concordia at Lone Mountain West, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.

More neighborhood reports:
     Breamoor Heights
     El Capitan Ranch
     Elkhorn Springs
     Los Prados
     Nevada Trails

See also:
     Las Vegas real estate - April, 2007 market statistics
     Las Vegas real estate - March, 2007 market statistics
     Las Vegas real estate - February, 2007 market statistics
     Las Vegas real estate - January, 2007 market statistics

Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland
Very interesting John.  I LOVE this stuff.  I am a firm believer in staying on top of your market stats.  It separates the pros from the order takers.  Looks like your market is moving.  Ours, not so much. 
May 19, 2007 08:58 AM